Archive for January, 2018

Quarterly Healthcare Advisory

A practice may consider adding an associate or partner for many reasons- from an increase in practice volume to preparing for eventual sale. But careful consideration of the pros and cons is necessary to ensure

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Posted In: Alerts & Advisories

Bill Mahoney named as Five Star Professional

We are pleased to announce that Bill Mahoney has joined a group of outstanding professionals who have received the 2018 Five Star Investment Professional award.  This is the fourth year Bill has received this recognition. 

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Posted In: Awards

Mike Antonelli and Marc Bello to present The Impact of Tax Reform on Family Law

  On Tuesday, January 30th, 2018, tax partner Mike Antonelli and business valuation partner Marc Bello will present The Impact of Tax Reform on Family Law to the Greater Newburyport Bar Association. With the new tax

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Posted In: Events, News

Tax Alert- Can you deduct home office expenses?

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Footnote disclosures are critical to transparent financial reporting

Business owners often complain that they’re required to provide too many disclosures under U.S. Generally Accepted Accounting Principles (GAAP). But comprehensive financial statement footnotes contain a wealth of valuable information. Here are some examples of

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Posted In: Alerts & Advisories

Emerging Tax and Regulations Alert- IRS issues updated 2018 withholding tables

In the wake of passage of the Tax Cuts and Jobs Act (TCJA) late last year, the IRS has taken one of the first critical steps to institute the law’s overhaul of the federal income

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Posted In: Alerts & Advisories

Community Service This Past Fall

This past Fall, we took part in a number of community serving events both in and out of the office. Giving back to communities in need is woven into our fabric at Edelstein and we

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Posted In: Events, News

Tax Alert- Personal exemptions, standard deductions and tax credits

Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn’t necessarily mean your income tax liability will go down. The TCJA also makes

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Posted In: Alerts & Advisories

Establishing Effective Internal Controls for Smaller Nonprofits with Limited Resources

Nonprofit organizations face an ongoing challenge of accomplishing more with less.  These conflicting interests can often lead nonprofits to assign accounting staff multiple roles as part of the job duties they are expected to complete. 

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Posted In: Articles

Accounting & Audit Alert- How financial statements can be used to value private businesses

Owners of private businesses often wonder: How much is my business interest worth? Financial statements are a logical starting point for answering this question. Here’s an overview of how financial statements can serve as the

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Posted In: Alerts & Advisories